JPMorgan Chase & Co. Issues Positive Forecast for SolarEdge Technologies (NASDAQ:SEDG) Stock Price

SolarEdge Technologies (NASDAQ:SEDGFree Report) had its target price increased by JPMorgan Chase & Co. from $32.00 to $35.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other brokerages have also issued reports on SEDG. TD Cowen boosted their target price on SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group reiterated a “sell” rating and issued a $31.00 price target (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on SolarEdge Technologies from $33.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, April 9th. Morgan Stanley lifted their price target on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada reduced their price target on SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $29.86.

Check Out Our Latest Stock Analysis on SEDG

SolarEdge Technologies Stock Performance

Shares of SEDG opened at $38.91 on Thursday. The firm has a market cap of $2.37 billion, a PE ratio of -5.66 and a beta of 1.35. The stock’s fifty day moving average price is $41.27 and its two-hundred day moving average price is $36.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48. SolarEdge Technologies has a 1 year low of $11.45 and a 1 year high of $53.75.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last issued its earnings results on Thursday, February 26th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $333.80 million during the quarter. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. On average, equities research analysts forecast that SolarEdge Technologies will post -4.54 EPS for the current year.

Hedge Funds Weigh In On SolarEdge Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC purchased a new position in SolarEdge Technologies during the third quarter worth about $25,000. Hantz Financial Services Inc. grew its position in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after buying an additional 571 shares in the last quarter. Whittier Trust Co. purchased a new position in SolarEdge Technologies during the third quarter worth about $27,000. Saranac Partners Ltd purchased a new position in SolarEdge Technologies during the third quarter worth about $28,000. Finally, State of Wyoming purchased a new position in SolarEdge Technologies during the fourth quarter worth about $27,000. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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About SolarEdge Technologies

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SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.

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Analyst Recommendations for SolarEdge Technologies (NASDAQ:SEDG)

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